BAIP group within 9 months received 30 percent more consolidated revenue

2014-11-12

During 9 months of 2014 consolidated revenue of BAIP group according to preliminary data reached 11.672 million EUR (96.666 million NOK) - 30 percent increase, compared to the same period last year - 9.003 million EUR (68.845 million NOK). BAIP group EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 21 percent and reached 0.873 million EUR (7.232 million NOK). In the same period last year EBITDA amounted to 0.722 million EUR (5.521 million NOK).

In Lithuania during the third quarter of this year BAIP group company BAIP successfully implemented a cloud computing solution between Lithuania and Belarus. Value of the project - 0.184 million EUR. The company also implemented several projects in the financial sector: for 0.5 million EUR, BAIP has renewed magnetic tape libraries at the Bank of Lithuania, completed the migration of workplaces at SEB bank and migrated Mokilizingas data from centralized data centre to virtual servers. Furthermore, BAIP implemented separate, highly reliable data centre for Lithuanian electricity transmission system operator Litgrid. The project value is - 0.16 million EUR.

The company also implemented projects with DPD, „Intermedix Lietuva" and signed new contracts: 0.353 million EUR worth contract with National Courts Administration for archival data separation and storage solutions, 0.901 million EUR worth equipment sales and installation contract with "Euro vaistinė".

"NRD", UAB signed a contract with the Police Department and started implementing the Register of Foreigners asylum module and other related modules software development project. The company also signed and started implementing the preparation for the introduction of the euro project in Central Mortgage Office.

Specialized cyber security company NRD CS established the first commercial Cybersecurity Incident Response Team in the Baltics - NRD CIRT which became a full member of an international organisation FIRST (the Forum of Incident Response and Security Teams). NRD CIRT is also a listed member of Trusted Introducer.

In Africa, BAIP group companies continue to implement the Burundi Central Bank data center modernization project as well as the development of Mozambique companies register, created by Norway Registers Development AS seven years ago. In Tanzania and Norway the participants of the first round of Norwegian Peace Corps (Fredskorpset Norway) funded staff exchange program have started their internships.

BAIP group company Norway Registers Development East Africa Ltd., established in Tanzania, organized its annual conference "Cyber Defence East Africa 2014". The conference took place in September in Arusha and was attended by nearly 100 IT professionals from Tanzania, Uganda and Burundi. The event was opened by the Deputy Minister of Internal Affairs of Tanzania Pereira Ame Silima, presentations were made by the Tanzania Police Force Cyber Crime Unit, Tanzania national Computer Emergency Response Team (TZ-CERT) representatives, ISACA Tanzania and ISACA Uganda chapters presidents and cyber security experts from Lithuania, Croatia, Tanzania and Uganda. The conference was also attended by the representatives from the East African Community, the American and Russian embassies, Tanzanian public institutions, banks and private sector organizations.

During the third quarter of 2014, BAIP group companies implemented projects in Mauritius, Zimbabwe and Uganda.

--------------BAIP group - a group of specialized companies working in the field of informatics and legal informatics. Main focus areas include business climate improvement reforms, integrated national information system design, critical IT infrastructure resilience, national cyber security and cyber defence. The group manages: BAIP, "Acena", "NRD", Norway Registers Development AS, Norway Registers East Africa Limited, and NRD CS. BAIP group operates and implements projects in the Central and Eastern Europe, East Africa, Southeast Asia and other regions. "INVL Technology", a split-off from an investment company "Invalda LT", owns 80 percent shares of BAIP group, the rest belongs to BAIP group management.